simonjack has wi the 1 piece for online and business editor simonjack has wi the bbc ece for online has wi the bbc news app, do and business editor simonjack has wi the bbc news app, do take at the bbc news app, do take a look at that and we will be 7 7bp's meeting 7 7 bp's meeting and 7 7bp's meeting and when 7753755517 {netting and when 7 77h駧e7n7s77hér7e7 ting and when 7 77happe7n7shereong and when 7 antenna; on ma when 7 7 happens here on bbc news. en car maker sunk below one trillion dollars for in the european union and the uk have dropped. michelle fleury was watching all the action in new york. one number to keep in mind is tesla's share price on the day donald trump was re—elected after that, the price shot up to more than $479 in mid—december, or around 90%. in other words, the massive post—election gain in tesla's share price and some of elon musk�*s paper fortune is close to being wiped out altogether. the sharp fall comes as demand for teslas in europe and the uk dried up, falling 45% injanuary even as rivals' sales rose. evs in the euro area. in slashing us governmen

simonjack is also doing the same.onjack has report. which it said there was no turning back. direction. and we went too far, too fast. gas, 20% more versus previous guidance, enabling us to build more, over time? as you heard, today, that so why the change? well, look at this. exxonmobil. both of those have a much smaller renewables focus. the truth is, oil and gas is more profitable than renewables. the uk government has vetoed new oil and international and other governments feel very differently. we will drill, baby, drill. cheering. low carbon transition is coming. than nearer today. simon jack, bbc news. independent climate advisers say almost all cars should be electric in the next 15 years, and half of all homes should have heat pumps. the climate change committee has recommended that the uk should be gases it did in 1990. can it be achieved? cutting carbon has been easy so far. to more renewable power. but increasingly it will depend on the choices are going to need to be electric, and half of our homes a heat

countries to bend reluctantly before his will i sought the views of the bbc�*s business editor, simonjacking ripped off, as he sees it, and his fundamental point is that the us buys more from the us. i think the origins of this are in the north american free the movement of goods and services between mexico, canada and the us. ones did, too — into mexico, so they could... where it was cheap. ..and that saw big cities like detroit, what have you, fall into disrepair. states—mexico—canada agreement. ripping up or acting in bad faith on his own agreement... his own agreement. he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading let'sjust look at mexico and canada for the moment. which donald trump can present as a huge achievement? if you can give him something which he can sell at home but i think that — i've been talking to big are in the us. fluid a situation. it's more the unsettling, it's the uncertainty, which is kind china's different. yeah. these other cases? yes, i think they are. economies in the world. if they stick at io%, the

simonjack has already done a good already done a really good piece online to take a on piece online to app. for now, from me. it is not quite goodbye. still a little more for those of you watching in the uk. let's talk about potholes. they are a common complaint for drivers and cyclists across the uk. appearing in our road surfaces for good. roads. but a research project between swansea university and king's college london is looking at ways of reducing the cracks before they develop... but first, we need to cook up some asphalt. is itjust a case now that you mix these two together? it's literally cooking. they laugh. aggregate? it's not like anything i've ever cooked. well, actually, that's a lie. definitely. yeah! you've just made asphalt. yeah. now, what do you do to turn this from regular asphalt into self—healing asphalt? in order to increase the life span, in order to advance the bitumen asphalt mixture, we need to incorporate capsules. the capsules contain tiny, porous materials yeah, this is asphalt mixed with capsule inside. put it here. i'm using this one. 0h! when the crack

simonjack reports. back on oil and gas, ramping up renewables, today, the company unveiled a radicalnce, enabling us and increase exploration. by 2030 was downgraded two years ago to 25% and, with a pledge to start increasing fossil fuel production from this year. since those pledges were made five years ago, bp shareholders for us—based exxonmobil. both of those have a much smaller renewables focus. very differently. we will drill, baby, drill. cheering. and dismayed climate groups insist bp and other capitalised companies in the world have chosen but the reality is that low carbon transition is coming. to offload its solar power business into a joint venture. but the distance to that target seems further, rather than nearer, today. joining me live is lisa sachs, director of columbia center this is the turnaround by bp, the big question is, bp, but the big question is, why are they doing it now? is about share and it about the share price and not able to compete not being able to compete with �* rivals? how much of this their rivals? how much of this is influenced by trump's drill i

i sought the views of the bbc�*s business editor, simonjack.s been writing about the...america getting ripped off, as he sees it, since the 1980s, whenjapan was exporting a great deal of stuff to the us. from the rest of the world than the rest of the world buys from the us. i think the origins of this are in the north american free trade agreement, nafta, which was something signed by bill clinton 20 or 30 years ago, which basically eased the movement of goods and services between mexico, canada and the us. and what happened as a result of that is that all the us car companies all moved their factories, and the european ones did too, into mexico, so they could... where it was cheap. fall into disrepair. so he hated nafta. states—mexico—canada agreement. he signed the agreement. ..and so a lot of people are saying that, you know, he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading some people to suspect that a lot of this is performative. let'sjust look at mexico and canada for the moment.

questionrthatrplenty of peop ~ askinu. , . , ., inflation rose at its fastest pace for ten months, simonjacktarting looking at the prices now. i didn't used to. without looking at the price. now you have to check. life is a struggle. i'd like to be honest, most months, barely make ends meet. _ like, even with two working parents in a household, - how do you scrimp? you know, what sacrifices do you have to make? we go to parks a lot. of extra money to do things. lamb up16%. butter up 18% and instant coffee up 21%. but remember, that's on top of some very steep rises we've seen over inflation has come down a lot since the energy crisis peak in 2022, but prices haven't fallen, but i would still expect to see at least another couple of interest and the situation is not looking very good there either. to make in five weeks' time. and victoria, will have more over on newsnight on bbc two shortly. 7’: iii . in capitals across the world working to take the world are working hard to take stock of the global consequences of president trump calling president president trdmp calling president a presiden

our business editor simonjack explains what this all means for consumers, and the health of the widerou have to do now. i go for the best bargains, actually. yeah. anything... difference, it matters. watch the pennies and| the pounds may come. public purse is growing. minus how much it spends. most months, it spends more than it collects. that's called the deficit, here in red. when self—assessment tax receipts come in. wages are rising. it means lots of extra tax. it's a first estimate, but it's £5 billion less the government to have borrowed £105 billion. now, why does that matter? rules over this parliament, she's likely to have to either raise taxes or cut spending in unprotected areas. education, defence — some of the unprotected so really important parts of the state that will find it hard to deliver cuts at a time when there are increasing demands on them. an additional six billion, and thatjust would leave even less for unprotected departments. the chancellor will get a better view of the economic cake, pressure on the public finances but keir starmer be finances but keir star

editor simonjack reports. set out an ambitious plan to become greener, scaling a strategy for the futureom which it said there was no turning back. today, the company unveiled a radical change in direction. changed since then... and we went too far, too fast. ..and bp would change with it. we will invest around 10 billion in oil and gas, 20% more versus previous guidance, enabling us to build more, higher returning major projects and increase exploration. with a pledge to start increasing fossil fuel production from this year. have seen a total return of 36%, not bad, but compare for us—based exxonmobil. both of those have a much smaller renewables focus. than renewables. exploration in uk waters, but 90% of bp's production is international and other governments feel very differently. cheering. not all shareholders agree with the new strategy. and dismayed climate groups insist bp and other oil companies are being short—sighted. bp announced today it's looking to off—load its solar power division, and it's already moved its offshore wind business into a joint venture. simon jack, bbc new

here's simonjack. i go for the best bargains, actually. yeah. anything... difference, it matters.s of extra tax. it's a first estimate, but it's £5 billion less than the uk's official forecaster was expecting forjanuary. and in fact, by this point in the year, the obr expected to have to either raise taxes or cut spending in unprotected areas. these are some of the protected ones over here — health, ones over here. now that could mean further cuts for some of those important areas. hard to deliver cuts at a time when there are increasing demands on them. increasing defence spending to 2.5% would require leave even less for unprotected departments. how to slice it at a spending review injune. sweden's coastguard says it's investigating new damage a vessel has been deployed to the area east of gotland island. to its undersea fibre—optic link with germany, the same cable was completely severed last november and december. of suspected russian sabotage attacks. thank you for being with us. do we know about what do we know about this latest incident? we what do we know about this latest

i sought the views of the bbc�*s business editor, simonjack.riting about the...america getting ripped off, as he sees it, since the 1980s, whenjapan was exporting a great deal of stuff to the us. and his fundamental point is that the us buys more from the rest of the world than the rest of the world buys from the us. i think the origins of this are in the north american free trade agreement, nafta, which was something signed by bill clinton 20 or 30 years ago, which basically eased the movement of goods and services between mexico, canada and the us. and what happened as a result of that is that all the us car companies all moved their factories, and the european ones did too, into mexico, so they could... where it was cheap. ..and that saw big cities like detroit, what have you, fall into disrepair. so he hated nafta. so in his first term, he ripped that up and replaced it with something called the usmca, the united states—mexico—canada agreement. and what's odd about this period is that he's essentially he signed the agreement. ..and so a lot

simonjack, bbc simon jack, bbc news.d dollar bills raining down upon children there. important to illustrate what we are about to talk about — it contains many offensive themes. # bringing the light for all to see. # trump gaza is finally here. # a brand new life. # feast and dance. is in jerusalem now. there has been reaction on truth social, trump's truth seeiett president trump's social truth seeiett president treflos's social media truth seeiett president trenns's social media site that he own social media site that he posted on. he posted it without posted on. he posted'it without just it there any comment, just left it there for people to what they for people to decide what theses» .. as- a- .. a. of some his own think of it. some of his own supporters, though, been supporters, though, have been strongest in that it the strongest in saying that it is bad that it has gone is bad taste, that it has gone too far. he gets support from too far. he gets support front fundamentalist christian in the us some of right in the